Insider Selling: Royal Bank of Canada (TSE:RY) Senior Officer Sells 10,000 Shares of Stock

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Royal Bank of Canada (TSE:RY) (NYSE:RY) Senior Officer Alex Douglas Mcgregor sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$100.96, for a total transaction of C$1,009,557.00. Following the sale, the insider now owns 54,675 shares of the company’s stock, valued at approximately C$5,519,752.90.

Alex Douglas Mcgregor also recently made the following trade(s):

  • On Tuesday, August 27th, Alex Douglas Mcgregor sold 10,000 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$97.70, for a total value of C$977,031.00.
  • On Tuesday, June 18th, Alex Douglas Mcgregor sold 10,000 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$104.87, for a total value of C$1,048,680.00.

TSE RY opened at C$103.23 on Thursday. The company’s 50 day moving average is C$100.90 and its 200-day moving average is C$103.34. Royal Bank of Canada has a 12-month low of C$90.10 and a 12-month high of C$107.91. The firm has a market cap of $145.19 billion and a P/E ratio of 11.78.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings results on Wednesday, August 21st. The financial services provider reported C$2.26 EPS for the quarter, missing the Zacks’ consensus estimate of C$2.31 by C($0.05). The company had revenue of C$11.54 billion for the quarter, compared to the consensus estimate of C$11.81 billion. As a group, equities research analysts expect that Royal Bank of Canada will post 9.3799996 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $0.12 dividend on an annualized basis and a yield of 0.12%. Royal Bank of Canada’s payout ratio is 45.64%.

A number of analysts have issued reports on the company. CIBC decreased their target price on Royal Bank of Canada from C$110.00 to C$109.00 in a research report on Thursday, August 22nd. Canaccord Genuity lowered their target price on Royal Bank of Canada from C$108.00 to C$105.00 in a research note on Wednesday, May 15th. BMO Capital Markets dropped their price target on Royal Bank of Canada from C$114.00 to C$109.00 in a research report on Thursday, August 22nd. Eight Capital cut their price target on Royal Bank of Canada from C$114.00 to C$113.00 in a research note on Wednesday, September 4th. Finally, National Bank Financial cut their price target on Royal Bank of Canada from C$112.00 to C$111.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd.

About Royal Bank of Canada

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.

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Insider Buying and Selling by Quarter for Royal Bank of Canada (TSE:RY)

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